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U.S. GAAP for converting an international subsidiarys accounts to the parents currency follow from what basic objective? A) Minimize the impact on consolidated net income
U.S. GAAP for converting an international subsidiarys accounts to the parents currency follow from what basic objective?
A) Minimize the impact on consolidated net income
B) Minimize the complexity of consolidation eliminating entries required
C) Preserve the subsidiarys financial results and relationships as depicted in the parents currency
D) Preserve the subsidiarys financial results and relationships as depicted in its functional currency
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